LED CONSULTING: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LED CONSULTING
Largest movements
- Cash +€30,525
up €30,525 (+105%), from €29,028 to €59,554
mainly Net result for the year (+€45,194) and Trade debts (+€9,165)
- Receivables within one year +€26,037
up €26,037 (+61.7%), from €42,168 to €68,205
of which Trade receivables: +€13,726
- Reserves +€45,194
up €45,194 (+60.1%), from €75,226 to €120,420
- Trade debts +€9,165
up €9,165 (+563%), from €1,627 to €10,792
- Tax, wage and social debts +€8,681
up €8,681 (+18.8%), from €46,157 to €54,838
- Debts after one year -€4,201
down €4,201 (-42.3%), from €9,933 to €5,732
- Other operating charges +€6,290
new in 2025: €6,290
- Gross operating margin +€5,464
up €5,464 (+7.5%), from €73,285 to €78,749
- Taxes -€4,683
down €4,683 (-24.1%), from €19,394 to €14,711
- Financial charges +€4,167
up €4,167 (+154%), from €2,714 to €6,881
of which Non-recurring financial charges: +€2,554
- Financial income +€1,076
up €1,076 (+162%), from €663 to €1,739
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,430 | €199,094 | +€57,664 | +40.8% |
| Fixed assets | 21/28 | €55,134 | €56,390 | +€1,256 | +2.3% |
| Tangible fixed assets | 22/27 | €55,134 | €56,390 | +€1,256 | +2.3% |
| Furniture and vehicles | 24 | €1,887 | €1,202 | -€685 | -36.3% |
| Other tangible fixed assets | 26 | €53,247 | €55,188 | +€1,941 | +3.6% |
| Current assets | 29/58 | €86,296 | €142,704 | +€56,408 | +65.4% |
| Amounts receivable within one year | 40/41 | €42,168 | €68,205 | +€26,037 | +61.7% |
| Trade receivables | 40 | €19,649 | €33,375 | +€13,726 | +69.9% |
| Other amounts receivable | 41 | €22,519 | €34,830 | +€12,311 | +54.7% |
| Current investments | 50/53 | €10,000 | €11,000 | +€1,000 | +10.0% |
| Cash at bank and in hand | 54/58 | €29,028 | €59,554 | +€30,525 | +105% |
| Deferred charges and accrued income | 490/1 | €5,100 | €3,946 | -€1,154 | -22.6% |
| Total equity and liabilities | 10/49 | €141,430 | €199,094 | +€57,664 | +40.8% |
| Equity | 10/15 | €78,226 | €123,420 | +€45,194 | +57.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €75,226 | €120,420 | +€45,194 | +60.1% |
| Distributable reserves | 133 | €75,226 | €120,420 | +€45,194 | +60.1% |
| Amounts payable | 17/49 | €63,203 | €75,673 | +€12,470 | +19.7% |
| Amounts payable after more than one year | 17 | €9,933 | €5,732 | -€4,201 | -42.3% |
| Financial debts | 170/4 | €9,933 | €5,732 | -€4,201 | -42.3% |
| Amounts payable within one year | 42/48 | €53,271 | €69,942 | +€16,671 | +31.3% |
| Current portion of amounts payable after more than one year | 42 | €4,267 | €4,312 | +€45 | +1.1% |
| Trade debts | 44 | €1,627 | €10,792 | +€9,165 | +563% |
| Suppliers | 440/4 | €1,627 | €10,792 | +€9,165 | +563% |
| Taxes, remuneration and social security | 45 | €46,157 | €54,838 | +€8,681 | +18.8% |
| Taxes | 450/3 | €46,157 | €54,838 | +€8,681 | +18.8% |
| Other amounts payable | 47/48 | €1,220 | - | -€1,220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,420 | €7,411 | +€992 | +15.4% |
| Other operating charges | 640/8 | - | €6,290 | +€6,290 | |
| Gross operating margin | 9900 | €73,285 | €78,749 | +€5,464 | +7.5% |
| Operating profit (loss) | 9901 | €66,865 | €65,048 | -€1,817 | -2.7% |
| Financial income | 75/76B | €663 | €1,739 | +€1,076 | +162% |
| Recurring financial income | 75 | €663 | €1,739 | +€1,076 | +162% |
| Financial charges | 65/66B | €2,714 | €6,881 | +€4,167 | +154% |
| Recurring financial charges | 65 | €2,714 | €4,327 | +€1,613 | +59.4% |
| Non-recurring financial charges | 66B | - | €2,554 | +€2,554 | |
| Profit (loss) for the period before taxes | 9903 | €64,813 | €59,905 | -€4,908 | -7.6% |
| Income taxes | 67/77 | €19,394 | €14,711 | -€4,683 | -24.1% |
| Profit (loss) for the period | 9904 | €45,419 | €45,194 | -€225 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €45,419 | €45,194 | -€225 | -0.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.